BinaryOptionStrategy Analysis - page 22
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Fundamental Analysis and the Week Ahead (Feb. 20- Feb. 24)
To read the Weekly technical report click here
ECONOMIC NEWS
Greece reached a supposed bailout package. However, investors still wait on if the IMF will increase its portion of the aid.
Out of the US, the consumer sentiment index gained to 75.3 in February, its highest mark in almost a year. Meanwhile, new home sales lost 0.9 percent in January , showing 321,000-unit annual rate.
THE WEEK AHEAD
MONDAY: Pending home sales index, Dallas Fed mfg survey
TUESDAY: Durable goods orders, S&P Case-Shiller home price index, consumer confidence, Fed’s Pianalto speaks
WEDNESDAY: Weekly mortgage apps, GDP, Fed’s Fisher speaks, Chicago PMI, Bernanke speaks, oil inventories, Fed’s Plosser speaks, Beige Book
THURSDAY; Fed’s Pianalto speaks, jobless claims, personal income and spending, ISM mfg index, construction spending, Fed’s Lockhart speaks, Fed’s Williams speaks, auto sales, chain store sales, EU summit
FRIDAY: Fed’s Bullard speaks
Binary Options Trading analysis written by David Frank
Binary Options Daily Analysis – Stocks Trade Mixed as Oil Pulls Back
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded mostly lower on Monday, as the recent spike in oil prices took its toll on stocks. The Nikkei declined .1% to 9633, although exporters gained as the yen continued to slide against the dollar. The Kospi slumped 1.4%, the ASX 200 dropped .9%, and the Hang Seng shed .9% to 2128. The Shanghai Composite bucked the downtrend, rising .3% to 2447, a 3 month high.
European markets closed lower as well. The CAC40 sank .7%, the FTSE fell .3%, and the DAX eased .2%. German Chancellor, Angela Merkel, said there was no guarantee Greece’s bailout package would succeed, dampening spirits. Banks fell 1.4%, with Societe Generale dropping 3%.
US stocks overcame early losses to close modestly higher. The Dow rose points to 12996, erasing a 100-point loss from earlier in the day The S&P 500 advanced .2% to 1369, and the Nasdaq inched up .1% to 2967.
Memory-maker, Micron Technology jumped 7.6% after its rival, Elpida Memory, filed for bankruptcy.
Dendreon shares tumbled 20.8% after announcing that demand for its prostate treatment, Provenge, is weaker than expected.
Treasuries and Commodities
Bonds rallied as the G20 called on Europe to raise more funds if it wants assistance from the outside world, suggesting additional borrowing is on the way. 10-year notes gained 15/32 to yield 1.92% and 30-year notes rallied 1 3/32 to yield 3.04%.
Energy skidded, as crude oil pulled back from its recent 7-day sprint, dropped 1.6% to 107.99. Natural gas skidded 3.3% to 2.607, and gasoline fell 1.1% to 3.118.
Crude Oil Pulls Back 1.6% after Crossing the $110 Mark
Gold shed 8.10 to 1768.30, and copper eased .1% to 3.858, while silver traded flat.
Wheat, soybeans, and sugar all gained more than 1% in a broad advance for agricultural futures.
Currencies
The Dollar rose against most European currencies amid uncertainty for the region. The Euro and Swiss Franc slid .4% to 1.3397 1.1119, and the Pound declined .3% to 1.5820. The Australian Dollar gained .5% to 1.0758, and the Yen bounced .6% to 80.54. The Canadian Dollar rose fractionally to .9991.
Economic Outlook
Pending home sales blew past forecasts, climbing 2% to its highest level since April 2010.
Tuesday’s reports will include durable goods, the Case-Shiller home price index, and consumer confidence.
Earnings are expected from Autozone, Cablevision, DreamWorks, First Solar, Office Depot, and Tenet Healthcare.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Global Stocks Rise, Energy Slides
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets rallied on Tuesday, despite a bankruptcy filing by Elpida memory, in Japan. The Nikkei gained .9% to 9722, recovering from early losses, after chip-related stocks initially sold off, but later recovered. The Kospi rose .6%, as Hynix memory jumped 6.8%, and the Hang Seng surged 1.7% to 21569. The Shanghai Composite edged up .2%, and the ASX 200 posted a narrow loss.
Upbeat US consumer confidence data helped boost European markets in the afternoon. The DAX climbed .6%, the CAC40 gained .4%, and the FTSE rose .2%. The ECB will be injecting additional liquidity on Wednesday to help regional banks, which are expected to borrow 500 billion euros.
In the US, the Dow managed to close above 13000 for the first time in nearly 4 years, settling at 13005, up 24 points. The S&P 500 rose .4%, and the Nasdaq climbed .7%.
Apollo shares tumbled 16.3% after announcing that it expects a drop in enrollment.
Priceline.com rallied 7% after beating analyst profit forecasts.
Treasuries and Commodities
Bonds traded lower as risk appetite increased. 10-year notes settled down 4/32 to yield 1.94%, and 30-year notes slid 16/32 to yield 3.07%. German bonds rose with 10-year notes up .255 to yield 1.80% and 30-year notes up .56 to yield 2.41%.
Crude oil continued to drop, skidding 1.79 to 107.77. Gasoline sank 2.7% to 3.0434, and natural gas dropped 2.6% to 2.535.
Metals rallied, led by silver’s impressive 4.6% gain to 37.14. Gold advanced .7% to 1787.10, and copper rose .8% to 3.912.
Silver Jumps 4.6% to 37.14
Currencies
European currencies closed higher on Tuesday, as the Pound, Euro, and Swiss Franc all rose .5%. The Australian Dollar inched up .1% to 1.0771, and the Canadian Dollar gained .4% to .9952. The Yen settled flat at 80.48, after swinging up and down by .5% during the day.
Economic Outlook
Consumer confidence blew past forecasts, jumping to 70.8 from last month’s 61.5 reading, a 1-year high. The Richmond manufacturing index surged to 20 from 12, whereas analysts had expected a slide to 11.
However, not all of the economic news was positive. Durable goods, unexpected fell by 4%, reversing last month’s 3.2% gain. The Case-Shiller home price index revealed prices fell by 4% year over year, worse than expected.
Wednesday’s reports will include GDP, Chicago PMI, Beige Book, weekly mortgage applications, and weekly oil inventories.
Earnings are due from Carter’s, Costco, Joy Global, PetSmart, and Staples.
Binary Options Trading analysis written by Bradley Welcher
Metals Tumble, Stocks Ease as Bernanke Fails to Offer
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets closed mostly higher on Wednesday in anticipation of the ECB’s latest injection of liquidity. The Kospi rallied 1.3% to 2030, a fresh 6-month high, and the ASX 200 gained .8%. In China, markets were mixed, as the Shanghai Composite slumped 1%, ending an 8-day winning streak, while the Hang Seng closed up .5%. Japan’s Nikkei closed flat at 9723, surrendering a substantial 140-point advance from earlier in the day.
In Europe, markets traded lower in the afternoon, taking the lead from Wall Street. The FTSE sank 1% to 5872, the DAX skidded .5%, and the CAC40 eased fractionally. Banking shares bucked the downtrend, rising .5%.
US stocks fell, as remarks by Fed chairman, Ben Bernanke, made investors nervous. Bernanke said the job market is “far from normal” and may require additional stimulus, but failed to offer any plans of additional easing at this point. The Dow lost 54 points to 12952, the Nasdaq shed .7%, and the S&P 50 declined .5% to 1366.
Dow Falls Below 13000, Down 54 Points
Apple shares gained 1.3% to 542.44, pushing the companies market cap past the half-trillion mark to $506 billion, in anticipation of the company’s iPad 3 launch.
First Solar tumbled 11.3% after missing profit forecasts and slashing its outlook. Home builders gained after the CEO of Toll Brothers said the company “feels the best” in 5 years. Toll Brothers shares climbed 4.6%, Pulte Homes rallied 6.3%, and Lennar gained 3.9%.
Treasuries and Commodities
Bonds traded lower, as fixed-income investors were unimpressed by Bernanke’s speech. 10-year notes declined 10/32 to yield 1.98%, and 30-year notes fell 12/32 to yield 3.10%.
Energy gained, led by natural gas, which climbed 3% to 2.595. Gasoline advanced 1.2% to 3.2638, and crude oil ticked up .3% to 106.91, despite a larger than expected increase in inventories.
Metals tanked in a powerful slide. Silver plunged 7.1% to 34.555, gold plummeted 4.7% to 1703.70, and copper declined 1.3% to 3.869.
Currencies
The Dollar rallied nearly across the board. The Euro slumped 1.1% to 1.3321, the Swiss Franc dropped 1% to 1.1055, and the Yen shed 1% to 81.29. The Australian Dollar and Canadian Dollar both fell .5%..
The Bank of England’s governor, Marvin King, said he sees no need for further quantitative easing. The upbeat outlook helped the Pound overcome the broader sell off, inching up fractionally to 1.5907.
Economic Outlook
GDP data for the 4th quarter showed the economy grew at 3%, better than the 2.8% forecast by analysts. Chicago PMI rose to 64 from 60.2, significantly better than the 61.6 expected.
Thursday’s busy economic calendar will include weekly unemployment claims, ISM manufacturing index, construction spending, personal income & spending, auto sales, and chain store sales.
Earnings are scheduled for Foot Locker, Kroger, and Wendy’s.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Report (Feb. 27- March. 2)
To read the Weekly fundamental analysis click here
Markets
Stocks came off lows for hte day Friday. But investors, who had little economic news to go on, sat out on the sidelines. Still, the S&P and Nasdaq eeked out small gains for the week.
The Dow Jones lost 2.73 points and closed at 12,977.57.
The S&P 500 fell 4.47 points to close at 1,369.62. The Nasdaq lost 12.78 points, to close at 2,976.19.
DJIA CHART
FOREX
This week we will see more economic events out of the US which will make the dollar more volatile. Is the recovery seen in the dollar relevant and will it continue? Friday’s US Nonfarm Payrolls is key to traders. It will be important to watch how the Dollar starts off the first full week of March trade.
The traditional safe haven currency will do well when risk is poor or not doiing well. If stocks lose, commodities lose, the Dollar will do better.
US Dollar Index
COMMODITIES
Oil was down to 107.10 on Friday. Crude lost 1.74 as crude futures dropped nearly 2 percent on Friday after Saudi Arabia denied a report of a pipeline fire. Gold lost 9.80 to close at 1775.10.
Oil Chart
EQUTIES
Yelp gaiined over 60 percent in its IPO after the consumer review website priced its IPO at $15 per share. The IPO makes the value of Yelp at $900 million.
Citigroup’s Chairman Richard Parsons will step down from the board. Citigroup is expected to elect Michael O’Neill as the new Chairman.
Binary Options Trading analysis written by David Frank
Fundamental Analysis and the Week Ahead
To read the Weekly technical report click here
ECONOMIC NEWS
Consumer sentiment improved slightly in late September. This is according to the Thomson Reuters/University of Michigan survey. And business activity in the US Midwest grew more than expected this month. China’s manufacturing sector contracted for a third consecutive month in September. This is strongly suggesting that the world’s second-largest economy may not be immune to global headwinds.
THE WEEK AHEAD
MONDAY: ISM mfg index, construction spending, Fed’s Lacker speaks, Oracle Open World, Supreme Court starts new term
TUESDAY: Factory orders, Bernanke speaks, Apple iPhone event, auto sales
WEDNESDAY: Weekly mortgage apps, Challenger job-cut report, ADP employment report, IS non-mfg index, oil inventories
THURSDAY: BoE announcement, ECB announcement, jobless claims, chain-store sales
FRIDAY: Non-farm payroll, wholesale trade, consumer credit
Binary Options Trading analysis written by David Frank
Global Stocks End Mixed, Crude Erases Thursday’s Gain
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded higher on Friday, amid signs the US economy is improving. The Nikkei climbed .7% to 9777, the Kospi rose .2%, and the ASX 200 gained .4%. The Shanghai Composite surged 1.4% after a government official said banks will increase lending to land developers, and the Hang Seng advanced .8% to 21562.
European markets closed mostly lower despite gains in financials on the heels of the latest liquidity injection by the ECB. The FTSE and CAC40 declined .3%, while the DAX edged up fractionally.
US stocks ended down, with the S&P 500 declining .3%, the Nasdaq down .4%, and the Dow down 3 points. Small-cap stocks were particularly under pressure, as the Russell 2000 sank 1.6% to its lowest level since the end of January.
Yelp shares (YELP) began trading under, soaring 64% on their opening day to 24.58, after pricing its shares at $15 a share.
Shutterfly shares spiked 16.5% after announcing plans to purchase Kodak’s online business.
Treasuries and Commodities
US bonds gained, with 10-year notes up 15/32 to yield 1.97%, and 30-year notes up 28/32 to yield 3.10%. German bonds posted even larger gains, as 10-year notes advanced .585, and 30-year notes rallied 1.27.
Crude oil slumped 2.14 to 106.70 and gasoline tanked 2.4% as Thursday’s rumors of a Saudi pipeline explosion dissipated. Natural gas rose .9% to 2.484.
Crude Oil Sinks 2% Following Thursday's Spike
Metals traded lower, led by silver’s large 3.2% drop to 34.525. Gold and copper both shed .7% to 1709.80 and 3.903 respectively.
Currencies
The Dollar posted significant gains against global currencies on Friday. The Euro and Swiss Franc both dropped .9% in a day-long slide. The Yen and Pound both sank .8%, and the Australian Dollar declined .7% to 1.0732. The Canadian Dollar fared better than its peers, easing .4% to .9891.
Economic Outlook
Monday’s reports will include factory orders and the ISM’s non-manufacturing index.
Earnings are due from Glencore and Verifone.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Stocks and Metals Drop as China Cuts Growth Outlook
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets traded lower on Monday, as disappointing growth forecasts from China weighed on the region. China expects its GDP to grow by 7.5% in the coming year, its lowest level in 8 years. The Nikkei declined .8% to 9697, the Kospi fell .9%, and the ASX 200 eased .2%. In greater China, the Hang Seng slumped 1.4% to 21265, and the Shanghai Composite lost .6% to 2445.
Greece warned the country would trigger collective action clauses (CACs) if private debt holders do not accept the latest 53.5% haircut on their debt. The move would be considered a default by Greece, and could have significant impact on the credit markets. European markets slipped, as the DAX fell .8%, the FTSE dropped .6%, and the CAC40 declined .4%.
US stocks managed to erase most of their losses, but still closed down. The Dow ticked down 15 points to 12963, the Nasdaq sank .9% to 2950, and the S&P 500 dropped .4% to 1364.
Yelp shares tanked 14.6% to 20.99 in the stock’s second day of trading, following Friday’s 60% spike. Zygna dropped 4.9% after JP Morgan downgraded the stock from “overweight“ to “neutral”.
Treasuries and Commodities
Despite weakness in the equity markets, bonds traded lower as well. 10-year notes fell 8/32 to yield 2.00%, and 30-year notes dropped 26/32 to yield 3.15%.
Natural gas plunged 5% to 2.365, and are rapidly approaching the 10-year low of 2.322 hit in January, as warm weather and weak demand continue to pressure the commodity. Crude oil rose .3% to 107.01, while gasoline eased .2% to 3.2652.
Natural Gas Tumbles 5% as the Onslaught Continues
Silver sank 1.5% to 34.01 and copper fell 1% to 3.866 as China’s projected slowdown weighed on metals. Gold slipped .2% to 1706.90.
Currencies
The Dollar closed mixed in Monday’s currency trading. European currencies rose, as the Pound, Euro and Swiss Franc all gained .2%. The Australian Dollar dropped .6% to 1.0670, and the Canadian Dollar fell .5% to .9940. The Yen advanced .4% to 81.46.
Economic Outlook
The services sector grew more than expected, as the ISM non-manufacturing PMI rose to 57.3 from 56.8. Factory orders fell by 1%, but the drop was smaller than forecast.
No major economic reports are scheduled for Tuesday. Earnings are due from Dicks Sporting Goods, Pandora, and Stage Stores.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Fear Hits Markets, Dow Drops More than 200 Points
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets extended their losses as concern over a slowdown in China weighed on the region. The Hang Seng tumbled 2.2% to 20806, and the Shanghai Composite sank 1.4%, as auto-maker BYD plunged 9.9%. The Nikkei shed .6% to 9638, the Kospi dropped .8% to 2000, and the ASX 200 fell 1.4%, as materials stocks sold off.
European markets plunged, amid escalating fears of a Greek default. The CAC40 tanked 3.6%, the DAX sank 3.4%, and te FTSE lost 1.9% as broad selling gripped the market. Banking shares were particularly hard-hit, as the sector skidded 5.3%, while auto-makers dropped 4.9%.
The selloff continued in the US. The Dow lost 204 points, to 12759, recording its biggest drop in 2012. The S&P 500 fell 1.5%, and the Nasdaq declined 1.4%. Materials and banking shares ld the declines amid concerns over global growth and fallout risk from Greece.
Dow Falls 203 Points, its Largest Drop in 2012
Treasuries and Commodities
Bonds gained as investors flocked to the safety of treasuries. 10-year notes rose 18/32 to yield 1.95%, and 30-year notes rallied 1 8/32 to yield 3.08%.
Commodities fell nearly universally, with metals bearing the largest burden. Copper tumbled 3.1% to 3.935, silver shed 2.4% to 32.88, and gold dropped 1.8% to 1672.90.
Crude oil declined 1.8% to 104.84, gasoline slipped .7% to 3.2361, and natural gas eased .3% to 2.349.
Currencies
Traders dumped foreign currencies for US Dollars as the market shifted to “risk off” mode. The Australian Dollar lost 1.1% to 1.0552, pressured by losses in metals. Amongst European currencies, the Pound fell .9% to 1.5720, the Euro dropped .8% to 1.3114, and the Swiss Franc declined .7% to 1.0886. The Yen benefited from the shift in risk, gaining .8% to 80.86.
Economic Outlook
Wednesday’s reports will include the ADP employment report, the Challenger job-cut report, productivity & labor costs, consumer credit, weekly oil inventories, and weekly mortgage applications.
Earnings are scheduled for American Eagle Outfitters, Children’s Place, Ciena, H&R Block, Hovnanian, and Men’s Wearhouse.
Binary Options Trading analysis written by Bradley Welcher
Binary Options Daily Analysis – Fear Hits Markets, Dow Drops More than 200 Points
To read the Weekly technical report click here
To read the Weekly fundamental analysis click here
Equities
Asian markets extended their losses as concern over a slowdown in China weighed on the region. The Hang Seng tumbled 2.2% to 20806, and the Shanghai Composite sank 1.4%, as auto-maker BYD plunged 9.9%. The Nikkei shed .6% to 9638, the Kospi dropped .8% to 2000, and the ASX 200 fell 1.4%, as materials stocks sold off.
European markets plunged, amid escalating fears of a Greek default. The CAC40 tanked 3.6%, the DAX sank 3.4%, and te FTSE lost 1.9% as broad selling gripped the market. Banking shares were particularly hard-hit, as the sector skidded 5.3%, while auto-makers dropped 4.9%.
The selloff continued in the US. The Dow lost 204 points, to 12759, recording its biggest drop in 2012. The S&P 500 fell 1.5%, and the Nasdaq declined 1.4%. Materials and banking shares ld the declines amid concerns over global growth and fallout risk from Greece.
Dow Falls 203 Points, its Largest Drop in 2012
Treasuries and Commodities
Bonds gained as investors flocked to the safety of treasuries. 10-year notes rose 18/32 to yield 1.95%, and 30-year notes rallied 1 8/32 to yield 3.08%.
Commodities fell nearly universally, with metals bearing the largest burden. Copper tumbled 3.1% to 3.935, silver shed 2.4% to 32.88, and gold dropped 1.8% to 1672.90.
Crude oil declined 1.8% to 104.84, gasoline slipped .7% to 3.2361, and natural gas eased .3% to 2.349.
Currencies
Traders dumped foreign currencies for US Dollars as the market shifted to “risk off” mode. The Australian Dollar lost 1.1% to 1.0552, pressured by losses in metals. Amongst European currencies, the Pound fell .9% to 1.5720, the Euro dropped .8% to 1.3114, and the Swiss Franc declined .7% to 1.0886. The Yen benefited from the shift in risk, gaining .8% to 80.86.
Economic Outlook
Wednesday’s reports will include the ADP employment report, the Challenger job-cut report, productivity & labor costs, consumer credit, weekly oil inventories, and weekly mortgage applications.
Earnings are scheduled for American Eagle Outfitters, Children’s Place, Ciena, H&R Block, Hovnanian, and Men’s Wearhouse.
Binary Options Trading analysis written by Bradley Welcher